Importance of Getting in a Lease Agreement
A the lease agreement is where the owner of the land or the building permits the lease some legal rights on the property that are similar to his rights over the property. The power that you will have over the property that has been leased to are at times more than the owners power over the same property. The owner permits you more rights on the property if the period of leasing involve many years. The are some importance that is accorded in the lease agreement.
You are given the all rights over the house or the land once you have signed the lease agreement until you want to give the owner grounds of eviction or when your lasing period elapses. You are free to do what you want with that land or building without the landlord asking you anything. The landlord cannot forcibly throw you out of the leased property because you own it and he does not have the power to take you out or tell you what to do. you will always be secured in a lease agreement because in case there is someone to pay double of what you have paid to acquire the same property there is no way the landlord can be able to do anything about the situation apart from waiting your period to end. Leasing has more advantage than renting because as tenant in rental agreement you are not given full possession of the property.
The other advantage of signing a lease agreement is that you rent controlled for a period. After sighing a lease agreement the amount of money that the landlord agreed the beginning of the lease agreement cannot be changed or increased unless you get into another contract and sign another lease agreement which inched the change or the rise if the amount. When a lease agreement is signed there is no single detail can be later changed not even the owner of the property unless your lease agreement time comes to an end. You have the right to agree to another lease agreement or disagree with the lease agreement.
If any problem arises in the leased problem and they are not included in the lease agreement you do not have a legal right to solve that problem. Such problems may include repairs and maintenance . If anything gets damaged or get broken, and it is not indicated in the agreement the lesser is the one who will do the repair and the maintenance even if you caused the damage. It is no your duty to do something that you did not agree to or something that was excluded in the lease agreement. It is of more advantage to you as the lease because you cannot be held responsible for any problems that may happen on leased asset if it was not written in agreement that you signed.